A company that lacks sufficient resources to operate in another country may choose to form a(n) _______ by finding a local partner to share the costs and operation of the business. A. importing agreement B. outsourcing partnership C. joint venture D. direct investment
Question & Answer
Joint venture entry strategy
1 Answer
Verified archiveThe correct answer is C. joint venture.
A joint venture is a business arrangement in which two or more parties collaborate and share resources, costs, and risks while maintaining their individual identities. This is often done by finding a local partner in another country to help mitigate the challenges of entering a new market.